IMF completes Sri Lanka’s first review, allowing for disbursement of $337 mn ...Middle East

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IMF completes Sri Lanka’s first review, allowing for disbursement of $337 mn
Colombo:  The Executive Board of the International Monetary Fund (IMF) has completed Sri Lanka’s first review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing the South Asian country to access about $337 million to support its economic policies and reforms. Sri Lanka’s performance under the program was satisfactory, with all but one performance criteria and all but one indicative target being met at end-June, Xinhua news agency quoted the IMF as saying in a statement late Tuesday. Most structural benchmarks due by the end of October 2023 were either met or implemented with delay, the statement said. The IMF said Sri Lankan authorities have made commendable progress towa

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